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Question - Marigold Corp. has 4200 shares of 5%, $50 par value, cumulative preferred stock and 41000 shares of $1 par value common stock outstanding at December 31, 2016, and December 31, 2017. The board of directors declared and paid an $9000 dividend in 2016. In 2017, $61000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2017?
The company uses the weighted average inventory costing method. Identify the cost of the ending inventory on the balance sheet
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